Reference Capacity Price definition

Reference Capacity Price. An index of NYISO Capacity Market prices for the Applicable Zone calculated as set forth in Section 4.01 of this Agreement.

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Reference Capacity Price means a price, measured in

Reference Capacity Price bears the meaning ascribed thereto in Section 13.1(a) ; “Reference Date” means [insert date, 2011]5;

Examples of Reference Capacity Price in a sentence

In the event that a change in Applicable Law after the Effective Date replaces the NYISO Capacity Market with a new resource adequacy construct, the Parties agree to negotiate in good faith to amend this Agreement, prospective from the Change in Law Date, to make such conforming changes as are necessary to replace the current Reference Capacity Price formula with a formula that reasonably comprises an index of prices available to generators in the Applicable Zone under the new resource adequacy construct.
NYSERDA may (and, at the request of Seller, shall) review past invoices, including, but not limited to, the calculation of the Reference Energy Price and Reference Capacity Price, to determine if a true-up adjustment is necessary.
The Reference UCAP Price is converted to its $/MWh equivalent, the Reference Capacity Price, through the following equation.
Monthly REC Price = SPIndex – REP – RCP x MF where: SPIndex = Index REC Strike Price ($/MWh) REP = Reference Energy Price ($/MWh) RCP = Reference Capacity Price ($/MWh) MF = Mitigation Factor (%) (if applicable) The calculation of each month’s Reference Capacity Price will be based on a Reference UCAP Price.
For each month, the Index OREC Price shall equal the Index OREC Strike Price minus the Reference Energy Price minus the Reference Capacity Price; provided that in no case shall the Index OREC Price exceed the Index OREC Strike Price.
The Supplemental Tariff shall consist of two components similar to the Reference Capacity Price.
In the event that a change in Applicable Law after the Effective Date eliminates the NYISO Capacity Market entirely and without replacement, the Parties agree that the Reference Capacity Price shall be zero.
For each month, the Index OREC Price shall equal the Index OREC Strike Price minus the Reference Energy Price minus the Reference Capacity Price; provided that in no case shall the Index OREC price exceed the Index OREC Strike Price.
For each month, the Monthly OREC Price shall equal the Index OREC Strike Price minus the Reference Energy Price minus the Reference Capacity Price; provided that in no case shall the Monthly OREC Price exceed the Index OREC Strike Price.
The Reference Capacity Price for each month shall be calculated by NYSERDA using data published by NYISO for its spot market unforced capacity (“UCAP”) prices.

More Definitions of Reference Capacity Price

Reference Capacity Price. An index of Zone J Capacity Market prices calculated as set forth in Section 4.03 of this Agreement.

Reference Capacity Price or “RCP” – means, for each Contract Year, the price, stated at Bid Date values, to be paid by BPDB to the Company for one unit of the available Dependable Capacity pursuant to the terms of the PPA, as further explained in Section A, Article 5 and as set out by the Bidder in Annex D, Exhibit II, Table B-2.

Reference Capacity Price. A broad index of NYISO Capacity Market prices for the coastal and near-coastal zones of New York State calculated as set forth in Section 4.03 of this Agreement.

Reference Capacity Price bears the meaning ascribed thereto in Section 13.1(a) ;

Reference Capacity Price means the rate, in US$/MWh, payable to the Company for providing generating capacity, which rate shall (whether or not such rate actually compensates the Company for providing such capacity) be as set forth in Annex A to this Schedule. The Reference Capacity Price shall remain constant over the term of this Agreement unless amended by the Parties.